PYMNTS

OCTOBER 9, 2019

Innovation has become such a buzzword that it can be applied to countless solutions and initiatives, from emerging 5G mobile technology and the rise of “smart factories” to using blockchain to trace and track food supply chains to deploying kiosks to personalizing the ordering experience. The State of Innovation. points to 19.3,

Innovation 129

Innovation Study Marketing Maine 129

PYMNTS

APRIL 1, 2019

At the end of the day, he noted, trust is the critical element at credit unions, and the main differentiator between credit union customers and other banking customers. It’s a statement borne out by the new Credit Union Innovation Playbook , a PYMNTS/ PSCU collaboration. But, Lynch noted, it is still a starting point.

Innovation 141

Innovation Fintech Fraud Security 141

PYMNTS

FEBRUARY 4, 2019

Microsoft was significantly behind that, with 5,903 patents, but that’s still good enough for the global major leagues when it comes to AI research and innovation. Those growth rates are not the whole story when it comes to AI research and innovation, however. Business applications are dominated by IBM and Microsoft,” the report said.

Innovation 194

Innovation Study Fraud Technology 194

PYMNTS

JULY 1, 2020

“Migrating to cloud- and AI-based solutions could help FIs handle growing calls for faster banking tools during the COVID-19 pandemic, and recent trends show they are beginning to do so,” according to PYMNTS’ June 2020 Digital Banks And The Power Of The Cloud Tracker® done in collaboration with NuoDB.

System 268

System Digital Banking Tools User Experience 268

PYMNTS

FEBRUARY 3, 2020

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. APIs and open banking growth. The impact these digital licenses could have on Singapore cannot be understated.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

Insights on Business

NOVEMBER 29, 2018

Now, more than ever, banks must be smarter and faster. Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. In this context, improving efficiency is mandatory.

Operations 138

Operations Innovation Management Risk Management 138

PYMNTS

DECEMBER 14, 2017

Not innovating is not an option. Perhaps in the early days of digital banking and mobile apps, innovative technology was a “nice to have,” but that is no longer the case. The Bank Innovation Readiness Index , in collaboration with payments solutions provider i2c , provides evidence to back that up.

Innovation 162

Innovation Branding Payments Survey 162

PYMNTS

JANUARY 31, 2020

However, the most intriguing development in the Open Banking world is not the impact of these two regulations inside of Europe, but outside of it. Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. Open Banking And The Race To Enter Singapore.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

MARCH 16, 2016

Traditional banks seem to realize that their vibrancy, let alone their survival, hinges on embracing technology, to do what they already do — but better, faster and more securely – while also adding new features and offerings that will allow their customers a next-generation, all-in-one bank experience.

Digital Banking 100

Digital Banking Innovation Mobile ATM 100

Bank Innovation

OCTOBER 26, 2016

Erica should roll out for BofA digital and mobile banking users “late next year,” according to a spokeswoman from the bank. At an event where chatbots were one of the main topics of interest for many of Read More.

Las Vegas 150

Las Vegas Meeting Video Digital Banking 150

PYMNTS

FEBRUARY 25, 2019

His main exposure to the payments industry was using his Bank of America debit card to pay for things at the store. Streit also acknowledged how thinking that way, and doing things differently, has risks — and it’s easy to shy away from real innovation in favor of iterations on products that are already working.

Innovation 137

Innovation Cards Maine Online 137

PYMNTS

AUGUST 21, 2019

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. This is driving legacy banks to take a closer look at their own products and strategies, with many rising to the challenge. Around the Digital Banking World. About the Tracker.

Trends 194

Trends Digital Banking Innovation Regional 194

PYMNTS

DECEMBER 14, 2020

We are committed to providing innovative solutions for gig workers that drive financial inclusion,” said Marco Margiotta , CEO of Payfare. Since the inception of Payfare, we have quickly become a name synonymous with digital banking and instant payout solutions for the on-demand gig economy.”.

Tools 238

Tools Washington New York Maine 238

PYMNTS

JUNE 29, 2020

Consumers are leaning heavily on digital banking tools during the pandemic, and studies suggest that they will continue to do so in its wake. Fifty-seven percent of consumers now prefer internet banking solutions, compared to the 49 percent who said the same prior to the pandemic.

Mobile 174

Mobile Digital Banking System Innovation 174

PYMNTS

SEPTEMBER 22, 2020

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 191

Compliance Digital Banking Security Online 191

PYMNTS

APRIL 21, 2016

As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. Should they fold digital banking services into their existing traditional brick-and-mortar accounts, or spin them off into stand-alone, digital-only entities? Why spin out?

Digital Banking 100

Digital Banking User Experience Exercises Mobile 100

PYMNTS

AUGUST 16, 2018

Large multinational companies see opportunity in the city: Oracle has picked Brussels to bring its FinTech Innovation Program to the continent, the company announced in June. With the program , Oracle plans to dedicate additional European staff and resources to monetizable relationships with digital banking innovators and FinTech firms.

Fintech 218

Fintech Marketing Innovation Analytics 218

PYMNTS

APRIL 25, 2018

When it comes to innovation, credit unions may just be the most innovative of all, while banks big and small fail to keep up with their pace – but they’ve still got a long way to go. Most CUs, along with 80 percent of FIs of all kinds, find themselves stuck in the middle of the pack when it comes to debuting new innovations.

Innovation 108

Innovation Data Community Bank Community 108

CB Insights

MAY 15, 2019

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

Innovation 78

Innovation blockchain Technology Groups 78

Chris Skinner

MAY 12, 2017

Here’s what they published: ‘The clock is ticking for Pakistan’s legacy banks,’ Chris Skinner, global fintech expert An independent commentator on financial markets and fintech through his blog, the Finanser.com, Chris Skinner is one of the biggest names in fintech today. We are seeing big changes to encourage innovation.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

JULY 27, 2020

Lemonade Chief Financial Officer Tim Bixby takes Karen Webster inside Lemonade, how it manages its payments workflows and why traditional insurance companies are faced with their own “innovator’s dilemma.”. New Report: Why Real-Time Settlement Can Make or Break Main Street Businesses.

Google 148

Google Maine Payments Innovation 148

Bobsguide

MAY 18, 2022

CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform. About the FinTech Breakthrough Awards.

Fintech 147

Fintech Risk Management Analytics Software 147

Chris Skinner

APRIL 2, 2019

I find it interesting when I read perspectives on FinTech, money and banking. Going digital, getting rid of branches, becoming cashless seem to be the main themes, and yet this ignores that every part of the world is different. appeared first on Chris Skinner's blog.

Fintech 410

Fintech Maine Digital Banking Innovation 410

Celent Banking

APRIL 25, 2016

Banco Original is the 3rd step in this digital only bank strategy in the region, becoming the 1st universal digital only bank in Latin America. As part of its strategy to position the bank as different and innovative they launched this advertising campaign featuring Usain Bolt.

America 100

America Digital Banking Strategy Fintech 100

PYMNTS

JULY 22, 2020

In the July Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the long-lasting effects brought on by the pandemic, the shifting attitudes surrounding ATM use, and how the digital banking development field is reaping dividends from the financial industry’s sea change.

ATM 225

ATM Digital Banking Alabama Study 225

PYMNTS

NOVEMBER 19, 2019

Banks are, however, revamping their approaches to these technologies on how they may be applied outside of their typical use cases, fending off cybercriminals who have a growing number of opportunities to access online banking platforms and customer data. Around The Digital Banking World. institution Barclays found.

Fraud 109

Fraud Digital Banking Innovation Data 109

Chris Skinner

JULY 7, 2017

We met Chris Skinner for a talk on the latest global banking trends and how banks mainly in Europe and North America deal with the challenges of their legacy systems and position and face the dramatic changes in the financial services market.

America 223

America Maine Trends Innovation 223

PYMNTS

APRIL 10, 2019

As consumers flock to banking apps, succeeding in the world of digital banking is not as easy as it used to be when mobile apps emerged a decade ago. Around the Digital Banking World. However, legacy banks across the globe have been far from idle when it comes to digital and mobile innovation.

Mobile 185

Mobile Digital Banking social media Strategy 185

PYMNTS

DECEMBER 13, 2019

These challenger banks are now competing with an emerging group of financial startups, which are coming armed with innovative technologies and specialized products of their own. Both legacy banks and established challengers must, therefore, revamp their approaches to keep up. Around The Digital Banking World.

Strategy 132

Strategy US Digital Banking Security 132

PYMNTS

MAY 27, 2020

The pandemic has accelerated the digital roadmap for everyone in financial services, giving rise to more innovation in the past few months than had been seen over the course of several years. Here, then, lies the challenge of the challenger banks: They’re poised to steal customers and deposits away from traditional players.

Fintech 236

Fintech Innovation Digital Banking FDIC 236

Chris Skinner

APRIL 13, 2018

I don’t often blog about investment banking as it bores my readers who are cool and trendy retail bankers and geeks, mainly, but keep coming back to this article about JPMorgan’s Best Execution AI engine, LOXM.

Maine 360

Maine Retail Digital Banking Innovation 360

PYMNTS

JANUARY 14, 2021

Forty-two percent of respondents report using mobile apps as their main source for financial education, and 36 percent report using social media to learn about financial products. This suggests that consumers use them more than they would like, or may have expected to, during the pandemic.

Video 224

Video social media Millennials Data 224

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. According to the Credit Union Innovation Playbook , a PYMNTS and PSCU collaboration, trust is the driving factor in that choice. What a consumer is going to the bank to do matters a great deal, he noted.

Online 123

Online Millennials Digital Banking Maine 123

CB Insights

SEPTEMBER 10, 2020

Our recent webinar — The State of Fintech Q2 2020: Funding Rebound Reveals the Next Leg of Fintech Innovation — highlighted key fintech trends and deals from the second quarter of 2020, including the rise of embedded fintech applications and demand for digital banking services. Free Download: State of Fintech q2’20.

Fintech 46

Fintech Innovation Lending Regional 46

PYMNTS

APRIL 21, 2020

The rise of open banking (and account aggregation) has shaped the conventional wisdom that banking will pivot toward innovation and service-oriented offerings. To get there, said Verdon, firms need a streamlined way to conceptualize, innovate, test and create new banking products. in sight, too.

Branding 232

Branding Innovation Regional Fintech 232

Chris Skinner

JUNE 11, 2017

This week’s main blog headlines are … Digital banks are Copernicus banks (incumbents are with the Flat Earth society) Twenty years ago, I was working on re-engineering projects. Nick is now launching the first new UK clearing bank for over 250 years called ClearBank. And banks can attack it? Soft underbelly?

Google 178

Google Meeting Innovation Maine 178

PYMNTS

AUGUST 9, 2020

Arcady Lapiro , the bank’s founder and chief executive, said the idea was to level the playing field for smaller businesses. “In Community banks have been working to innovate through collaborations with FinTechs. PYMNTS reported that those kinds of partnerships can often be faster than the bank innovating on its own.

Tools 168

Tools Community Bank Community Taxes 168